Gold price today June 12, 2025: Will US CPI cause gold prices to increase sharply?

Domestic gold price today June 12, 2025

As of 4:30 a.m. on June 12, 2025, the domestic gold bar price is based on the closing price yesterday, June 11. Specifically:

DOJI Group listed the price of SJC gold bars at 116.8-118.8 million VND/tael (buy - sell), an increase of 800 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 116.8-118.8 million VND/tael (buy - sell), an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 117-118.8 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300 thousand VND/tael for buying and increased by 300 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 116.8-118.8 million VND/tael (buy - sell), the price increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116-118.8 million VND/tael (buy - sell), gold price increased 200 thousand VND/tael in buying - increased 300 thousand VND/tael in selling.

As of 4:30 a.m. on June 12, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 113.5-115.5 million VND/tael (buy - sell); the price increased by 500,000 VND/tael in both buying directions - unchanged in selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 12, 2025 is as follows:

World gold price today June 12, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on June 12, Vietnam time, was 3,333.1 USD/ounce. Today's gold price decreased by 14.56 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,200 VND/USD), the world gold price is about 109.18 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 9.62 million VND/tael higher than the international gold price.

Gold prices rose slightly after the US released lower-than-expected inflation data, raising hopes that the US Federal Reserve (Fed) could cut interest rates as early as September. However, gold prices fell shortly after Donald Trump said the trade deal with China was complete, pending final approval.

Specifically, spot gold prices fell 0.43%, after rising as much as 1% during the session. US gold futures also rose 0.5%, to $3,358.80/ounce.

The main driver behind the gold price increase was the US consumer price index (CPI) which rose just 0.1% in May, lower than the forecast of 0.2%. Compared to the same period last year, inflation reached 2.4%, slightly higher than the previous month (2.3%) but still lower than the expectation (2.5%).

Core inflation (excluding food and energy) also rose more slowly than expected, rising just 0.1% versus the forecast of 0.3%. Over the past 12 months, core inflation was 2.8%, lower than the 2.9% expected by analysts.

According to metals trader Tai Wong, the low inflation data has pushed the dollar and US bond yields lower, which has supported gold prices. He said this could prompt the Fed to accelerate its plans to cut interest rates. Currently, the market is betting on a 68% probability that the Fed will cut interest rates in September, according to the CME FedWatch tool.

On the trade front, US President Donald Trump announced that the US and China have reached an agreement in which China will supply magnets and rare earth minerals, and the US will allow Chinese students to study at its universities. The agreement still needs to be approved by President Trump and President Xi Jinping to officially take effect.

The market is currently waiting for the US Producer Price Index (PPI) data, scheduled to be released on Thursday, right before the Fed's policy meeting on June 17-18. Investors are also waiting for the results of this meeting to have more direction for gold prices.

In other precious metals, spot silver fell slightly by 0.7% to $36.32 an ounce. Platinum rose sharply by 3.8% to $1,268.12 – its highest level since 2021. Meanwhile, palladium also rose by 1.1% to $1,072.25 an ounce.

Gold price forecast

According to expert Tai Wong, if gold prices can break above the recent high of $3,403/ounce, it will be a positive signal for further upside. However, if economic data is good but prices do not rebound strongly, the market may enter a short-term correction.

According to ANZ Research, in the short term, gold prices may move sideways in the accumulation zone before continuing a new increase, with a target of up to 3,600 USD/ounce by the end of the year.

Technically, August gold futures remain in a short-term uptrend. The next target for bulls is to push prices above the strong resistance at $3,427.70 an ounce, while bears hope to push prices below $3,250. The nearest resistance is currently at $3,370.40, while the nearest support is at $3,335.40.

Gold prices are expected to fluctuate strongly in the coming sessions due to the complicated developments in the global geopolitical and economic situation. Many factors can strongly affect market sentiment, especially escalating tensions at global hotspots and the progress of trade negotiations between major powers.

In Eastern Europe, Russia is carrying out a series of airstrikes across Ukraine in retaliation for drone attacks from Kiev. The targets include Ukrainian military factories, warehouses, energy facilities and defense companies. These developments have heightened tensions in the region, increasing demand for safe-haven assets such as gold.

Meanwhile, trade negotiations between the US and China are drawing a lot of attention from investors. In a post published on Truth Social on Wednesday, US President Donald Trump said the trade deal with China was done, adding that it was still subject to final approval from him and Chinese President Xi Jinping.

"We are getting a total of 55% tariffs, China is getting 10%. The relationship is great! Thank you for bringing this to our attention!" Gold prices immediately reacted lower after the news, reflecting the fragility of current market sentiment.

According to Mr. Han Tan, market analyst at Exinity Group, it is understandable that gold prices continue to rise. As long as global trade tensions show no signs of cooling down, or remain at a high level, gold will remain a safe choice for many investors. This can help gold prices maintain their upward momentum or at least limit the sharp decline in the current volatile context.